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MU is one of the top global providers of memory solutions for semiconductors. MU makes memory and storage tech such as DRAM, short for dynamic random access memory. The bulk of MU’s sales stem from its DRAM offerings yet the company also generates revenue through NAND flash memory, 3D XPoint memory, NOR Flash, and other tech.
MU has a low beta of 1.26 so investors concerned about potentially volatile swings should have no concerns. The stock also has a low forward P/E ratio of 12.67 so there is certainly the potential for significant upward movement in due time. MU is currently trading at $76.58, right around the midpoint between its 52-week low of $42.25 and its 52-week high of $96.96.
